This property looks like a bad Airbnb investment with a projected -23.62% first-year return on $291k initial cash invested.
-23.62%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$3,673
Rent
-$5,727
Cashflow
Cash Flow
$3,673 income − $9,400 expenses = $5,727 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$291k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
1%
$18,000
Cashflow
Total Income
$3,673
Total Expenses
$9,400
Mortgage P&I
186%
$6,845
Property Taxes
9%
$320
Home Insurance
12%
$455
HOA
0%
$17
Property Management
15%
$551
CapEx
4%
$147
Vacancy
0%
$0
Maintenance
4%
$147
Other
25%
$918